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What wast the invisible hand theory proposed by Adam smith?
What was the invisible hand theory proposed by Adam smith?
What was the invisble hand theory proposed by Adam smith?
Asked in Economics
What was the invisible hand theory propsoed by Adam smith?
Asked in Personal Finance
What does the invisible hand mean?
The invisible hand is a theory originally popularized by Adam Smith, the man considered the godfather of modern-day economics. In his economic theory he proposed that everyone within a society makes certain financial decisions beneficial (if not utterly selfish) to them, yet the net effect of all the individuals results in a stronger economy. The force that drives these decisions are what he called the invisible hand. Fun fact: Adam Smith did not want to be an economist- he wanted to be a Moralist...